CVC Capital to acquire a 24.99% stake of Sonae MC from Sonae SGPS for €528m.

CVC Capital agreed to acquire a 24.99% stake of Sonae MC, a food retailing company, from Sonae SGPS, a retail company, for €528m. "CVC Strategic Opportunities is delighted to invest in Sonae MC as the leading grocery retailer in Portugal and partner with Sonae SGPS and the Azevedo family. Under the leadership of Luís Moutinho, Continente has developed excellent offerings for all Portuguese families and has established strong customer loyalty and engagement both in stores and online. We look forward to bringing CVC's expertise to fuel its long-term growth and continued success," Jan Reinier Voûte, CVC Capital Co-Head of CVC Strategic Opportunities.